Current Market Position for ETH Futures
Ethereum Futures is trading at $2,813 at the time of this analysis. Unlike typical TradeCompass strategies, where we turn bullish above a specific threshold and bearish below another, today’s approach involves fading the move—essentially betting on a reversal. This decision is based on higher time frame analysis, which suggests price may be contracting or forming a range.
Bearish Scenario (Short Trade Setup)
- Short Entry: $2,913 (only after price first reaches $2,916)
